Biswap (BSW) - a token stacking platform for 100% per annum

A decentralized trading platform using automated market maker systems - that was there. But Biswap (BSW) has more than that. And so much so that it even decided to invest in it Binance Lab. Can a token that can be staked at 100% per year turn out to be an investment hit? We check.

We continue the cycle of the Forex Club portal, in which we analyze and describe the largest, highest-valued, most interesting, most developmental, advanced and also the most controversial cryptocurrency projects around the world. Today it's time for BSW - the token of the Biswap platform, which has been designed in such a way that it gives great opportunities for passive income.

What is the Biswap platform

Biswap is a decentralized platform used to exchange other tokens and NFT. It is supported by Binance Smart Chain, which allows the use of AMM to execute the order book. So there are no big delays or swaps that make your heart beat faster. The network advertises itself with the lowest fees in the industry of decentralized cryptocurrency exchanges.

It focuses only on proven products. Both in terms of service and product offer. Therefore, you cannot trade suspicious tokens that have just been created on it and it is not known who and what they represent or with newly fledgling projects in the field of decentralized finance (DeFi). In a word: a new fashion and a catchy name are not enough, the project must have an economic basis.

How to earn on BSW tokens

However, users can easily add their tokens to the liquidity pools. The rule is simple - the less interest in adding tokens in a given pair, the more you can earn by sharing them. Often these are interest rates of several dozen percent per year. 

But you can also just stack cryptocurrency. On Binance Stock Marketassuming a 90-day deposit, we can count on an interest rate of 100,23% per annum! This is a certain interest rate, but we can also be interested in a variable. The liquidity from USDT gives 106,9% per annum on a floating rate (calculated for the last day). Paired with BNB, it is currently 95,19%. 

The network is growing all the time. There are plans to launch p2p loans and other offers. In Biswap you can already buy NFT. 

There is also a lottery for those willing - by buying a ticket, you can win prizes in BSW tokens. One ticket is the equivalent of USD 1 converted to BSW. The prizes are drawn every 12 hours. Initially, the interest in the lottery was so great that a limit was introduced - you can buy up to 500 tickets at a time.

tokens

You can also run your own tokens on the platform, and the configuration process is extremely fast. Therefore, over 400 people already use Biswap DEX. users who pay fees to BSW.

The token itself is programmed to be deflationary. As much as 50% of the transaction fees go to the redemption of BSW tokens from the market and their burning. Also, 13% of lottery tickets are burned, as well as 10% of NFT revenues. Part of the revenues from trading in NFT collections, as well as the Marketplace, is also allocated to combustion.

Cryptocurrency Quote Biswap (BSW)

As of May 13, 2022, 220 of the target 490 BSW tokens are in circulation. They can be traded on 11 cryptocurrency exchanges from around the world. You have to pay $ 0,57 for each of them, which translates into a market cap of more than $ 127 million. The peak of trading took place on February 23, 2022, when the BSW was valued at $ 2,23.